Investors Devour Red-Hot Restaurant Stocks

StocksFOXBusiness

Investors continue to gobble up restaurant stocks, sending shares of a handful of well-known eateries further into record territory.

The six names below have been a huge hit with the momentum crowd. They are up an average of 55% this year, well more than double the return for the benchmark S&P 500.

Continue Reading Below

For Starbucks (NASDAQ:SBUX), it’s the company’s 35th record close this year. If you’d bought SBUX back on May 3 when it first broke out to new highs you’d be up 30% right now.

To underscore the momentum theme, Papa John’s (NASDAQ:PZZ) is on track for its 38th record close this year. Make it no. 30 for Texas Roadhouse (NASDAQ:TXRH), 29 for Dunkin’ Donuts parent Dunkin’ Brands (NASDAQ:DNKN), and 26 for Buffalo Wild Wings (NASDAQ:BWLD).

The group is also benefitting from lower energy prices, especially gasoline, which is expected to be hit a three-year low in the coming months. This leaves consumers with more discretionary income to spend on things like dining out.

Restaurant Record Highs

What do you think?

Click the button below to comment on this article.